#solana Stocks on the blockchain? Big things are happening in the U.S.! Opportunities for ordinary people are coming?

Can you imagine? In the future, buying stocks won't require waiting two days for the funds to settle, transaction fees will be negligible, and you could even buy shares of Apple or Tesla for just a dollar? This is not science fiction but a real project being promoted in the U.S. — Project Open! This pilot program submitted jointly by the Solana Policy Institute and other organizations is rewriting the rules of the financial game.

1. What is Project Open?

In simple terms, this is an experiment to turn stocks into 'digital assets'. Traditional stock trading requires going through layers of brokers, exchanges, clearinghouses, etc., which is complex and time-consuming (for example, A-shares are T+1, and U.S. stocks are T+2). Project Open directly 'moves' stocks onto the blockchain, achieving instant transactions and peer-to-peer settlement through smart contracts, just as fast as transferring money with Alipay!

Core gameplay:

1. Token Shares: Each stock corresponds to a 'digital token' on the blockchain, which can be traded like cryptocurrency but is regulated by the U.S. Securities and Exchange Commission (SEC).

2. Identity verification + investor education: All wallets participating in transactions must go through KYC (identity verification), and basic knowledge must be learned before entering the market to prevent reckless investments.

3. Dual ledger system: The blockchain serves as the main ledger, while traditional transfer agents act as backups, ensuring both technological innovation and compliance with existing legal frameworks.

2. How does it change stock trading?

1. Significant upgrade in efficiency:

- Trading speed: From T+2 to 'instant'. Suppose you sell Tesla stock today; with the traditional method, you would have to wait two days to receive your money, but now you can withdraw or reinvest it immediately.

- Transaction fees: Traditional brokerage commissions generally range from 0.1% to 1%, while blockchain transaction costs may be as low as 0.01%, or even free (subsidized by some platforms).

- Liquidity: Stocks can be split into smaller units (e.g., 1 share into 1000 pieces), allowing investments as low as one dollar, enabling more people to participate.

2. Transparency enhancement:

- On-chain traceability: All transaction records are on the blockchain and cannot be tampered with, allowing regulatory agencies to monitor in real-time and prevent insider trading.

- Real-time data: Stock prices, trading volumes, shareholder information, and other data are public and transparent, putting retail and institutional investors on the same starting line.

3. Compliance assurance:

- SEC sandbox support: The SEC plans to establish a digital asset regulatory sandbox, allowing pilot projects to test within a controlled range, with a funding cap of $10,000 for individual scenarios. Project Open's design fully complies with this framework.

- Clear legal classification: It is explicitly stated that Token Shares are 'registered securities', avoiding the controversy of being classified as securities like NFTs.

3. What benefits does it bring to us?

1. The investment threshold for ordinary people has greatly decreased:

- Small investments: Previously, buying U.S. stocks required at least a few hundred dollars, but now you can buy Apple shares for just one dollar, allowing even pocket money to be invested.

- 24/7 trading: Traditional exchanges are open only 6-8 hours a day, while blockchain operates 24/7, allowing for trading at any time.

2. Institutional giants are betting on it:

- BlackRock's ambition: Larry Fink, CEO of the world's largest asset management company BlackRock, publicly stated, 'Every asset can be tokenized.' They have launched the tokenized currency fund BUIDL, managing over $2.3 billion.

- Technical advantages of Solana: The Solana blockchain can process 65,000 transactions per second, far exceeding Ethereum's 30, making it more suitable for high-frequency trading of securities. Performance will be further enhanced after the 2025 upgrade.

3. Potential to disrupt the financial system in the future:

- Decentralized Finance (DeFi) integration: Stock tokens can be directly used for DeFi lending and staking, yielding additional returns. For example, if you hold Tesla tokens, you can pledge them to borrow USDC stablecoins and then invest in other projects.

- Simplified cross-border investment: Traditional cross-border stock trading requires currency exchange and opening overseas accounts, which is cumbersome. However, blockchain tokens can circulate globally, allowing for one-click buying and selling of stocks in various countries.

4. Are there risks?

1. Technical risks:

- Network stability: Solana has experienced multiple outages due to DDoS attacks; although it upgraded sharding technology in 2025, actual performance still needs to be observed.

- Smart contract vulnerabilities: Once there is a bug in the code, it may lead to transaction failures or asset losses, similar risks to the FTX incident still exist.

2. Regulatory uncertainty:

- SEC's attitude: Although the SEC supports sandbox pilots, its overall attitude towards cryptocurrencies remains conservative, and it is uncertain whether Project Open can pass approval smoothly.

- State-level legal differences: Different states in the U.S. have varying legislation regarding digital assets, potentially leading to compliance fragmentation.

3. Market acceptance challenges:

- Investor education: It is necessary to learn how to use blockchain wallets, operate smart contracts, etc., which may not be friendly for the elderly or those unfamiliar with technology.

- Initial liquidity shortage: Limited issuance during the pilot period may lead to large bid-ask spreads and inactive trading.

5. What should ordinary people do?

1. Understand first, then act:

- Learn the basics of blockchain: Such as wallet creation, private key management, and interaction with smart contracts.

- Monitor pilot progress: Project Open plans to conduct an 18-month trial, initially allowing only a few issuers to participate, suggesting a wait-and-see approach.

2. Start small to test the waters:

- Choose compliant platforms: Currently, platforms like Ondo Finance have begun offering tokenized fund services, so you might try investing between $100 to $1000.

- Diversified investment: Do not invest all your money in tokenized stocks; traditional assets still need to be allocated.

3. Beware of speculation traps:

- Avoid following the trend of Meme coins: The Meme coin platform Pump.fun on the Solana chain has been sued for suspected illegal issuance of securities, and similar projects carry extremely high risks.

- Only participate in SEC-registered projects: Engage only with Token Shares that have been filed with the SEC to reduce legal risks.

6. The future is here:

The emergence of Project Open marks the entry of the financial market into the 'programmable securities' era. Imagine this: in the future, you can see your stock dividends automatically credited to your account in real-time on your phone, pay utility bills with stock tokens, or even set up a smart contract to 'automatically sell if the stock price drops to $100'... These scenarios could become a reality in a few years.

Of course, any innovation comes with risks, but as BlackRock CEO Larry Fink said, 'Tokenization is democratization.' This technology is expected to make financial services more accessible and efficient. If you want to seize the next wealth opportunity, now is the time to learn and pay attention!

A final reminder: Investment involves risks, and one should be cautious when entering the market. Even seemingly 'disruptive' innovations require time for validation. Maintaining rationality is crucial for benefiting from changes.